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Federal input screens

Shareholder Information > Mississippi tab

Use the state tabs in the
Shareholder Information
 window to enter state-specific information for shareholders. State tabs appear only if you've added states to the return.
To update a shareholder's state-specific information, select that shareholder in the
Shareholder Information
 window, then the state tab.

Fields and buttons — Mississippi information group box

If the shareholder is a nonresident, enter a code from the following table or select the code from the attached dropdown list to indicate the type of nonresident filing to be made by the shareholder. If the shareholder is a nonresident, UltraTax CS defaults to treating the shareholder as having an income tax agreement already on file.
Code
Description
1
Nonresident income tax agreement on file (default)
.
This is the default option for a nonresident shareholder when a code is not selected from the drop-down list. Select
1
 to indicate the shareholder has already filed Form 84-380 — Non-Resident Income Tax Agreement. If you select this option, UltraTax CS will not complete Form 84-380 for this shareholder.
2
Nonresident income tax agreement required
.
Select
2
 if the shareholder is filing Form 84-380 Non-Resident Income tax Agreement with the corporation to hold on file. UltraTax CS will complete Form 84-380 for this shareholder.
3
Composite filer
.
Select this option to indicate that the corporation is filing a composite return on behalf of a nonresident shareholder. UltraTax CS calculates the total income tax due on Form 84-105 for all composite nonresident shareholders, indicates on Form 84-131 that this shareholder is a composite filer, and marks the
Included in nonresident composite return
checkbox on Form 84-132.
Use this statement for supplemental information specific to each shareholder and for items that are not pro rata. If you have pro rata items that need to be reported to each shareholder, use Section A on the
MSKSep
 screen. UltraTax CS prints the information you enter in this statement in the shareholder's Mississippi Schedule K-1 statements.
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